It is predicted that in Panama due to the health and economic crisis the inventory of available properties will increase, a situation that will put downward pressure on property prices and rents, affecting mainly the office and commercial space segment.
Directors of the Panamanian Association of Real Estate Brokers and Developers (Acobir) estimate that in the context of the health crisis resulting from the covid-19 outbreak, sales or rental prices in the local market could contract between 20% and 25%.
As a result of the crisis, the unemployment rate of commercial premises in Costa Rica rose from 8.81% to 9.86%, and the average price per square meter fell by 3%.
It is estimated that 20% of the stores located in the country's malls will not be able to open after the most critical phases of the covid-19 outbreak are overcome, according to Colliers' figures.
Some of the effects of the health emergency and the restrictions decreed by the government on the real estate sector in Guatemala are the cancellation of appointments with clients and the suspension of projects and contracts.
In the case of residential construction, businessmen anticipate that a considerable drop could be reported later, since the drop in remittances combined with the increase in unemployment, will affect the willingness to build or buy a house.
The sector continues to operate within the restrictions that have been imposed, but at a slower pace, as it has adjusted its processes to the required health and safety protocols.
Because of the public health threats caused by the covid-19 pandemic, the Government decreed a home quarantine a few days ago. However, some activities may continue to be carried out, provided they meet certain requirements.
Smaller areas and open spaces within the offices are some of the predominant trends in new projects being built in the metropolitan area of Guatemala.
It is estimated that of the total area of construction approved in the metropolitan area during 2020, 37% corresponds to office buildings, office-warehouses and mixed-use buildings. Another 56% is for housing construction.
In the canton of Santa Ana, Costa Rica, 55% of the people who express interest in apartments for sale have a high purchasing power and are between 25 and 44 years old.
An analysis of the real estate supply by area, prepared by the Trade Intelligence Unit of CentralAmericaData, shows interesting results about the real estate market in Santa Ana, in the province of San José, and the interest of consumers in the area.
An apartment tower in Honduras, the construction of a road in Guatemala and a multipurpose tower in Panama are part of the investments announced in the region for the coming months.
The interactive system "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects to be developed in the coming months.
Because of restrictions on the movement of heavy cargo in Guatemala City and the high cost of land, more and more companies are choosing to move their operations to neighboring municipalities.
According to estimates by directors of the developer Calidad Inmobiliaria, the cost of land has risen significantly in the country's capital, since in the areas near Atanasio Tzul and Petapa Avenue, in Zone 12, the cost of the square fence is over $350, while in the municipality of Amatitlán it ranges between $100 and $150.
Almost a year after starting operations in Costa Rica with its first building, the American WeWork, dedicated to the rental of shared work spaces, announced that it plans to invest in two more properties in the next two years.
In the country's metropolitan area, nearly 16,000 homes are being built, most of which are apartments and will be available in the coming months.
The good numbers for the construction sector in the country will continue in the coming months, since currently 112 real estate projects are being developed in the department of Guatemala, which will increase the housing supply in the next three years.
Almost 30% of the commercial establishments operating in Santa Tecla are restaurants, hotels, offices, schools and shopping centers.
An analysis of the commercial establishments in El Salvador, carried out by the Trade Intelligence Unit of CentralAmericaData shows interesting results about the characteristics of the companies operating in Santa Tecla, a municipality in the department of La Libertad, according to their location and type of activity.
Has everything. Ocean views, waterfalls, 20 titled building sites, profits, end of the road privacy but close to everything. Less than an hour to shopping, medical services, beaches, airport.
Spring and summer all year, in the 70s – 80s, fresh fruits and vegetables daily from your own gardens Electricity, municipal public water plus natural springs. Toyota pickup truck and equipment included.
After the Preferential Interest Act was modified and the maximum limit for applying preferential interest to the purchase of homes was raised to $180,000, an 11% decrease in the inventory of available homes was reported.
Incredibly Low Price- $99,000, Public Road, 6 min hyw #27, 20 min Atenas, 30 min to San Jose and Beach - spring, creeks, pasture, forest, 5 building sites.
Incredibly Low Price, Just look at what you get!!!
Just 6 minutes to Hyw 27 on public road, 30 minutes to San Jose, 30 minutes to Atenas, 30 minutes to the beach, 56,000 square meters of property, 5 or more building lots, pasture and forest – Fenced, two streams, one spring (water source).
The Bamboo City Center building was inaugurated in the Salvadoran capital, with a total built area of 45 thousand square meters, with space for offices and commercial premises.
The new building has four levels for a corporate center and three floors for the commercial area, is located on the boulevard of the Hippodrome and Las Magnolias Avenue.
Incredibly Low Price- $99,000, Public Road, 6 min hyw #27, 20 min Atenas, 30 min to San Jose and Beach - spring, creeks, pasture, forest, 5 building sites. Incredibly Low Price, Just look at what you get!!!
Just...
Has everything. Ocean views, waterfalls, 20 titled building sites, profits, end of the road privacy but close to everything. Less than an hour to shopping, medical services, beaches, airport. Spring and summer all year, in the 70s – 80s, fresh...
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...
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